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Renewed 10 Year Lease - Established Pharmacy Over 30 Years

104 Station Road, DEER PARK VIC, 3023

Sold

Property Sold in 104 Station Road, DEER PARK VIC, 3023

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11258858
Status:
Sold
Price:
Price on Request
Last Updated:
18/03/2020
Icon building

Property Type

Retail/Medical/Consulting/Other
Icon square

Land Area

407 SQM
Icon size

Floor Area

190 SQM
Icon parking

Parking

N/A

Renewed 10 Year Lease - Established Pharmacy Over 30 Years

Renewed 10 year lease to October 2024 - No options
Fixed 3% annual rent increases and market review
Tenant pays all usual outgoings
Highly prominent building of 190 sqm with 6 car spaces on-title
Large 407 sqm corner site with 27 metre street frontage
Single tenant minimum management investment
Strategically positioned within established medical precinct including IPC Health, Medical Centre, Dental Clinic and Physiotherapy
PharmaSave: Successful and rapidly expanding Pharmacy network with over 150 locations Australia wide
Deer Park: high-growth location within booming western growth corridor and only 17 kilometres from the Melbourne CBD
Rent: $72,986 pa (Oct 2017)

Auction 11am AEST Wednesday 20 September 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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